To date, the world is more connected than ever before. According to a report in Biometricupdate, the number of total smartphones users worldwide will surpass 2.5 billion in 2016, which is equivalent to 33.8 percent of the world population. In other words, the rapid growth in the availability and incorporation of mobile phones in almost every aspect of our lives creates extraordinary opportunities but brings with it unique challenges: personal data security. For years, the password has used to secure authentication, but now they are losing the market due to some drawbacks as easier to hack and harder to remember. Therefore, companies need to find new alternatives to solve these dilemmas, which is the biometrics. In details, biometrics has sufficient capabilities to replace passwords because their technology has proven to be much more convenient and less time-consuming than the old. Due to these benefits, the combination between mobile phones and biometrics is more popular in the mass market, allowing the technology to become widely accepted.
According to Gartner, currently, at least 30% companies from all over the world use biometrics on mobile devices. Moreover, Biometricupdate predicted that for the next 4 years, biometrics will be embedded in 100% mobile devices, which help them to become ubiquitous. In the past, biometrics is used in government, the military and law enforcement; but now, biometric identification has exploded and rapidly spread to the commercial sector, permeating virtually every corner of our lives as a more secure method of proving individual identification. In details, biometric smartphones will change access control, financial transaction authentication, personal data security, and many other areas of our lives. In other words, the use of biometrics on smartphones is changing our lives in different ways.
Firstly, people feel safer due to the high level security of mobile phones integrating biometrics. Usually people have a tendency to store sensitive or confidential information in smartphone and use it for daily activities. Meanwhile, most people are reasonably concerned about the security protection of using passwords. In details, password are not trustworthy authentication tools because they can typically be easily guess or stolen. If a password is shared, there is no credible process to verify the identity of a person accessing the device. In contrast, biometric technology ensures that only the authorized user of the device can access it by their unique characteristics. Moreover, all this process only takes a few seconds. In other words, by incorporating biometric technology solutions into mobile devices, manufacturers have reduced many of the inefficacies and insecurities that are associated with passcodes and passwords. Therefore, it is almost a certainty that within the next few years, biometric identification will become a standard feature in every new phone, including three key modalities: fingerprint, voice and iris.
Moreover, mobile payments are also predicted to skyrocket over the next five years, which are achieving $750 billion by 2020 (Biometric Research Group). Biometric payments are defined as a Point of Sale (POS) technology, which uses biometric authentication system to verify users by taking pictures (facial recognition), fingerprint or iris. Therefore, people do not need to bring cash, checks or credit cards when they go out. The rising use of biometric identification for financial service transactions has already begun to spread rapidly around the globe. Goode Intelligence predicts that by 2020, bank customers will use biometrics as the predominant identity authorization method to access bank services. As more banks, companies such as Apple and PayPal also showed their interest to implement biometric based payment solutions.